Flipkart, a Walmart-owned ecommerce firm that competes with Amazon India, is reportedly planning to broaden into India’s film and live performance ticketing sector, in accordance with the Financial Instances report.
The nation’s stay occasions trade has gained momentum over the previous yr, pushed by rising demand for large-scale live shows, worldwide excursions and main sporting occasions. India’s busy cricket calendar has additionally drawn giant crowds throughout main cities, reflecting growing client urge for food for in-person leisure.
Flipkart is aiming to launch its ticketing service as early as Could, the report stated. If this occurs, Flipkart will instantly compete with BookMyShow and Zomato’s District.
The enlargement would place Flipkart in sectors which can be benefiting from broader developments similar to rising smartphone use and growing client spending in India.
In parallel, Flipkart is getting ready to pilot a meals supply service, additionally anticipated to start in Could, although timelines may nonetheless change as plans develop. The corporate didn’t reply to requests for remark.
Each the ticketing and meals supply markets in India are extremely aggressive and sometimes function on skinny margins. Firms in these sectors have traditionally relied on heavy spending and discounting to scale, making profitability troublesome to attain.
The meals supply market, specifically, is dominated by Zomato and Swiggy, with smaller gamers largely pushed out after years of investor-funded enlargement regardless of sturdy demand in city areas.